The other travel redemptions on
their website are gift cards and gift certificates for several
Canadian hotel operators, VIA Rail and itravel2000.com. These options do
not provide the 1% return that you would get for redeeming for travel
directly. Most of these options run 130,000 for a $100 Gift Card or
Certificate. That equates to roughly a 0.77% return on your spending.
The question is, unless you need to give a gift certificate as a gift
why would you redeem for one of these? If you have a stay planned at the
Fairmont Chateau Lake Louise you are better off booking it through
ATB’s agency or yourself and redeeming 130,000 points for a $130 credit
rather than the $100 gift card.
Features and Benefits
The ATB Gold My Rewards Travel MasterCard
comes with a really decent insurance and benefits suite for a no fee
card. On the insurance side the card comes with wide range of coverage
as including travel accident insurance, flight delay, baggage delay
insurance, car rental CDW coverage, purchase protection and extended
warranty. Save for about three other cards most no fee travel rewards
cards do not include insurance coverage like this card does.
The card also offers one other benefit that we typically don’t
see on a credit card but rather from vacation packagers: a weather
guarantee! Called WeatherGuard, it offers up to a $300 discount towards
future travel if precipitation is more than 0.5 inches in a 24-hour
period on at least half of the total number of days on your affected
trip. Trip must be a minimum of 4 days/3 nights within Canada, the
United States, or Caribbean. You then have two years after you return
from the affected vacation to apply the discount towards another
What is good about this card
The insurance package that comes with the ATB Gold My Rewards Travel MasterCard is strong for a no fee rewards card and is the best thing about it.
Also the fact that you can book travel on your own and
then redeem points against the charge on your account is great as it
provides the utmost in flexibility when it comes to travel rewards.
The WeatherGuard benefit is another good point to the card,
while it seems like a great benefit, the longer your trip the less
likely it will work out that you would be able to claim this benefit.
However since it does work for trips in Canada or to the U.S. and you
fly to a location that is known for rain, say Vancouver, Victoria or
Seattle for four days, you won’t be sad if it rains as chances are
you’ll be prepared for it and there is a possibility you could qualify
for this credit!
What is not so good about this
The 1% return on the card, while standard for the majority
of no fee travel rewards cards is lower than at least three other cards
who provide 1.25% or a blend of 1 and 2% back makes the card a little
weak in the earning department.
No sign up bonus, many no fee cards don’t carry a bonus but this card’s major competitors do.
The foreign transaction fee on this card is the highest in
Canada. The majority of cards charge 2.5%, some are 0% and 2% while this
card is 2.9%. If you travel out of Canada a lot that 0.4% could really
add up to a lot of extra fees.
The fact that this card is only available to Albertans makes it not good at all for the remainder of Canada!
For point and mile gamers in Alberta the ATB Gold My Rewards Travel MasterCard
won’t even be on the radar. No sign up bonus, no ties to other loyalty
programs and a mediocre return. However for those who aren’t chasing
down every mile and point but like to vacation once or twice a year this
card could actually make sense. One percent return isn’t huge but the
fact that you can book travel how you want and when you want is a nice
bonus and makes it much easier to redeem for travel rewards than
programs like Aeroplan and AIR MILES. This is especially true if you
don’t earn a lot of miles in those two other programs from other
methods. If you are happy with a few hundred dollars discount each time
you take a vacation, these type of cards totally make sense. For others
in Alberta the card may be attractive as secondary or tertiary card
especially if you bank at ATB for convenience sake however if you don’t
bank at ATB you are probably better off with one of the no-fee travel
rewards cards that offer 1.25% as one would assume that your primary
credit card carries all the necessary insurances and benefits for your
If your travel rewards goals is flying like VIPs in first or
business class this card is not for you. There are much better options
out there that will get you those premium seats much faster and at a
better return than this card would.
What about the claim of being “Best no-fee coverage
travel card”. You’ll notice then leave ‘rewards’ out as they know other
no-fee travel rewards offer higher returns but the claim about coverage?
The only coverage they have on this card that other no fee cards have
is Flight Delay insurance but other cards in the no fee category have
other insurances like Trip Interruption and Price Protection which this
card does not have. It also has that WeatherGuard guarantee but we here
don’t feel that is a game changer as the majority of trips taken by cardholders will not qualify. That is why you
see travel providers like itravel2000.com offering this type of benefit
as well as the pay out for them is very little. So in our minds it is not
the Best no-fee coverage travel card but its not bad either. If this
card was available across Canada it would definitely make it into our
Top 5 Travel Points Credit Cards (with no annual fee) in our annual
Care to comment? Do you agree or disagree with us? Tell us what you think
about the ATB Gold My Rewards Travel MasterCard in the comments section below.
ATB Gold My Rewards Travel MasterCard on
Rewards Canada’s All Travel
Rewards Credit Card Comparison including the ATB Gold My Rewards Travel MasterCard
Rewards Canada’s Travel Points Only
Credit Card Comparison including the ATB Gold My Rewards Travel MasterCard
Other cards to consider if you are looking at this
Air Miles MasterCard
One® Aspire Travel™ Platinum MasterCard®
CAA Rewards MasterCard